Uniti Group Inc. (UNIT): debt financing — Uniti upsizes note offering to $1.4B at 7.5%, redeems 10.5% 2028 notes

Uniti Group Inc.

Windstream Services prices $1.4B of 7.50% senior secured notes due 2033; upsized by $500M from $900M.
Also pursuing $1.0B incremental term loan at Term SOFR+4% and extending revolver maturities to Dec 30, 2027.
Proceeds used to redeem $2.4B of 10.50% senior secured notes due 2028 on Oct 6, 2025.
Redemption conditioned on receiving at least $2.4B in gross proceeds from notes and term loan.
Refinancing reduces interest cost from 10.50% to 7.50% on the notes, subject to regulatory approvals.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.85

Uniti Group Inc. incurred term loan of $1.0 billion aggregate principal amount of incremental term loan borrowings with Windstream Services, LLC at Term SOFR +4.00% per annum maturing not specified.

Instrument: term loan
Principal: $1.0 billion aggregate principal amount of incremental term loan borrowings
Counterparty: Windstream Services, LLC
Rate: Term SOFR +4.00% per annum
Maturity: not specified
Event: incurrence

Exact text from the filing

The Issuer is also pursuing $1.0 billion aggregate principal amount of incremental term loan borrowings (the “2025 Term Loan”) under the legacy Windstream credit agreement, and an extension of the maturity dates of its revolving credit facilities under the legacy Uniti credit agreement and legacy Windstream credit agreement to December 30, 2027, effective upon receipt of customary regulatory approvals.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.85

Uniti Group Inc. amended revolving credit of extension of the maturity dates of its revolving credit facilities with Uniti Group Inc. and Windstream Services, LLC at not specified maturing December 30, 2027.

Instrument: revolving credit
Principal: extension of the maturity dates of its revolving credit facilities
Counterparty: Uniti Group Inc. and Windstream Services, LLC
Rate: not specified
Maturity: December 30, 2027
Event: amendment

Exact text from the filing

The Issuer is also pursuing $1.0 billion aggregate principal amount of incremental term loan borrowings (the “2025 Term Loan”) under the legacy Windstream credit agreement, and an extension of the maturity dates of its revolving credit facilities under the legacy Uniti credit agreement and legacy Windstream credit agreement to December 30, 2027, effective upon receipt of customary regulatory approvals.

View on SEC.gov

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Source: SEC EDGAR

accession 0000950103-25-012239

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